Avantis U.S. Small Cap Value Fund - Schedule of Investments | ||
MAY 31, 2023 (UNAUDITED) |
Shares | Value ($) | |||||||
COMMON STOCKS — 100.4% | ||||||||
Aerospace and Defense — 0.4% | ||||||||
AAR Corp.(1) | 9,381 | 470,082 | ||||||
AerSale Corp.(1) | 4,238 | 63,655 | ||||||
Moog, Inc., Class A | 8,633 | 839,214 | ||||||
1,372,951 | ||||||||
Air Freight and Logistics — 0.6% | ||||||||
Air Transport Services Group, Inc.(1) | 55,349 | 924,328 | ||||||
Hub Group, Inc., Class A(1) | 19,753 | 1,453,031 | ||||||
Radiant Logistics, Inc.(1) | 5,335 | 33,344 | ||||||
2,410,703 | ||||||||
Automobile Components — 1.6% | ||||||||
American Axle & Manufacturing Holdings, Inc.(1) | 95,275 | 643,106 | ||||||
Dana, Inc. | 80,512 | 1,036,190 | ||||||
Goodyear Tire & Rubber Co.(1) | 187,810 | 2,578,631 | ||||||
LCI Industries | 13,334 | 1,440,605 | ||||||
Modine Manufacturing Co.(1) | 38 | 1,037 | ||||||
Motorcar Parts of America, Inc.(1) | 2,351 | 12,954 | ||||||
Patrick Industries, Inc. | 6,522 | 427,387 | ||||||
Strattec Security Corp.(1) | 45 | 834 | ||||||
6,140,744 | ||||||||
Automobiles — 1.1% | ||||||||
Harley-Davidson, Inc. | 5,577 | 173,500 | ||||||
Thor Industries, Inc. | 34,957 | 2,736,084 | ||||||
Winnebago Industries, Inc. | 21,557 | 1,199,432 | ||||||
4,109,016 | ||||||||
Banks — 12.9% | ||||||||
1st Source Corp. | 3,078 | 126,598 | ||||||
ACNB Corp. | 923 | 27,182 | ||||||
Amalgamated Financial Corp. | 10,082 | 143,366 | ||||||
Amerant Bancorp, Inc. | 13,742 | 242,546 | ||||||
American National Bankshares, Inc. | 1,409 | 40,481 | ||||||
Ameris Bancorp | 29,505 | 931,178 | ||||||
Ames National Corp. | 1,518 | 27,810 | ||||||
Arrow Financial Corp. | 3,465 | 63,202 | ||||||
Associated Banc-Corp. | 63,082 | 934,244 | ||||||
Axos Financial, Inc.(1) | 22,120 | 836,578 | ||||||
Banc of California, Inc. | 25,830 | 276,123 | ||||||
BancFirst Corp. | 4,390 | 371,262 | ||||||
Bancorp, Inc.(1) | 27,389 | 845,225 | ||||||
Bank First Corp.(2) | 423 | 32,199 | ||||||
Bank of Hawaii Corp.(2) | 15,983 | 625,734 | ||||||
Bank of Marin Bancorp | 822 | 13,292 | ||||||
Bank OZK | 24,706 | 854,333 | ||||||
BankFinancial Corp. | 377 | 2,790 | ||||||
BankUnited, Inc. | 37,259 | 704,940 | ||||||
Banner Corp. | 17,031 | 736,931 | ||||||
Bar Harbor Bankshares | 2,956 | 69,850 | ||||||
Baycom Corp. | 1,850 | 29,989 | ||||||
BCB Bancorp, Inc. | 3,352 | 35,565 | ||||||
Berkshire Hills Bancorp, Inc. | 15,551 | 318,018 |
Bridgewater Bancshares, Inc.(1) | 5,299 | 45,624 | ||||||
Brookline Bancorp, Inc. | 37,017 | 304,280 | ||||||
Business First Bancshares, Inc. | 4,866 | 70,898 | ||||||
Byline Bancorp, Inc. | 9,248 | 163,875 | ||||||
C&F Financial Corp. | 431 | 21,873 | ||||||
Cadence Bank | 54,542 | 979,574 | ||||||
Cambridge Bancorp | 2,130 | 107,650 | ||||||
Camden National Corp. | 3,837 | 113,230 | ||||||
Capital Bancorp, Inc. | 2,756 | 46,824 | ||||||
Capital City Bank Group, Inc. | 2,809 | 84,467 | ||||||
Capstar Financial Holdings, Inc. | 3,560 | 42,898 | ||||||
Carter Bankshares, Inc.(1) | 4,285 | 60,418 | ||||||
Cathay General Bancorp | 28,187 | 824,188 | ||||||
CB Financial Services, Inc. | 235 | 4,543 | ||||||
Central Pacific Financial Corp. | 12,145 | 177,438 | ||||||
Central Valley Community Bancorp | 2,641 | 38,110 | ||||||
Chemung Financial Corp. | 842 | 29,807 | ||||||
City Holding Co. | 6,514 | 561,442 | ||||||
Civista Bancshares, Inc. | 2,482 | 37,180 | ||||||
CNB Financial Corp. | 5,326 | 88,465 | ||||||
Coastal Financial Corp.(1) | 250 | 8,553 | ||||||
Colony Bankcorp, Inc. | 416 | 3,869 | ||||||
Columbia Banking System, Inc. | 1,043 | 20,891 | ||||||
Community Financial Corp. | 1,296 | 33,916 | ||||||
Community Trust Bancorp, Inc. | 5,680 | 191,416 | ||||||
ConnectOne Bancorp, Inc. | 15,019 | 203,958 | ||||||
CrossFirst Bankshares, Inc.(1) | 10,197 | 98,299 | ||||||
Customers Bancorp, Inc.(1) | 15,789 | 363,463 | ||||||
Dime Community Bancshares, Inc. | 18,184 | 294,581 | ||||||
Eagle Bancorp Montana, Inc. | 1,752 | 21,935 | ||||||
Eagle Bancorp, Inc. | 14,417 | 287,331 | ||||||
Enterprise Bancorp, Inc. | 1,329 | 35,325 | ||||||
Enterprise Financial Services Corp. | 15,755 | 639,968 | ||||||
Equity Bancshares, Inc., Class A | 4,589 | 102,518 | ||||||
Esquire Financial Holdings, Inc. | 1,574 | 66,627 | ||||||
Evans Bancorp, Inc. | 1,322 | 31,371 | ||||||
Farmers National Banc Corp. | 6,519 | 76,794 | ||||||
FB Financial Corp. | 12,245 | 326,452 | ||||||
Financial Institutions, Inc. | 3,877 | 60,908 | ||||||
First BanCorp | 73,562 | 820,952 | ||||||
First Bancorp, Inc. | 227 | 5,380 | ||||||
First Bancorp/Southern Pines NC | 6,690 | 201,369 | ||||||
First Bancshares, Inc. | 4,395 | 114,446 | ||||||
First Bank | 4,600 | 47,196 | ||||||
First Busey Corp. | 22,561 | 421,891 | ||||||
First Business Financial Services, Inc. | 977 | 26,154 | ||||||
First Commonwealth Financial Corp. | 40,712 | 515,007 | ||||||
First Community Bankshares, Inc. | 2,500 | 66,650 | ||||||
First Community Corp. | 85 | 1,420 | ||||||
First Financial Corp. | 4,114 | 133,458 | ||||||
First Foundation, Inc. | 4,487 | 17,410 | ||||||
First Guaranty Bancshares, Inc. | 266 | 3,511 | ||||||
First Internet Bancorp | 3,003 | 36,877 | ||||||
First Merchants Corp. | 705 | 18,647 | ||||||
First Mid Bancshares, Inc. | 4,108 | 98,551 |
First of Long Island Corp. | 5,675 | 57,942 | ||||||
First Savings Financial Group, Inc. | 1,383 | 17,426 | ||||||
First United Corp. | 279 | 3,633 | ||||||
First Western Financial, Inc.(1) | 900 | 15,318 | ||||||
Flushing Financial Corp. | 12,918 | 150,495 | ||||||
FNB Corp. | 73,674 | 809,677 | ||||||
FNCB Bancorp, Inc. | 206 | 1,149 | ||||||
Franklin Financial Services Corp. | 146 | 3,789 | ||||||
FS Bancorp, Inc. | 2,126 | 60,378 | ||||||
Fulton Financial Corp. | 76,555 | 854,354 | ||||||
FVCBankcorp, Inc.(1) | 747 | 7,634 | ||||||
Great Southern Bancorp, Inc. | 4,818 | 234,299 | ||||||
Greene County Bancorp, Inc. | 268 | 7,169 | ||||||
Hancock Whitney Corp. | 35,648 | 1,302,221 | ||||||
Hanmi Financial Corp. | 18,029 | 259,618 | ||||||
HarborOne Bancorp, Inc. | 11,000 | 90,200 | ||||||
Hawthorn Bancshares, Inc. | 792 | 14,256 | ||||||
HBT Financial, Inc. | 2,201 | 38,738 | ||||||
Heartland Financial USA, Inc. | 14,573 | 402,069 | ||||||
Hilltop Holdings, Inc. | 23,313 | 688,200 | ||||||
Hingham Institution For Savings(2) | 254 | 48,976 | ||||||
Home Bancorp, Inc. | 1,338 | 41,197 | ||||||
HomeStreet, Inc. | 8,098 | 42,434 | ||||||
HomeTrust Bancshares, Inc. | 2,923 | 57,262 | ||||||
Hope Bancorp, Inc. | 51,020 | 409,180 | ||||||
Horizon Bancorp, Inc. | 13,036 | 115,890 | ||||||
Independent Bank Corp. (Michigan) | 8,013 | 131,013 | ||||||
International Bancshares Corp. | 21,985 | 939,199 | ||||||
Investar Holding Corp. | 2,251 | 24,761 | ||||||
Kearny Financial Corp. | 17,555 | 119,901 | ||||||
Lakeland Bancorp, Inc. | 18,210 | 236,912 | ||||||
Lakeland Financial Corp. | 3,035 | 152,448 | ||||||
Landmark Bancorp, Inc. | 204 | 4,192 | ||||||
LCNB Corp. | 1,807 | 24,557 | ||||||
Live Oak Bancshares, Inc. | 15,190 | 328,712 | ||||||
Luther Burbank Corp. | 2,236 | 19,230 | ||||||
Macatawa Bank Corp. | 7,793 | 67,955 | ||||||
Mercantile Bank Corp. | 3,782 | 98,445 | ||||||
Meridian Corp. | 3,066 | 29,556 | ||||||
Metrocity Bankshares, Inc. | 3,750 | 61,612 | ||||||
Metropolitan Bank Holding Corp.(1)(2) | 3,568 | 100,974 | ||||||
Mid Penn Bancorp, Inc. | 2,254 | 49,994 | ||||||
Midland States Bancorp, Inc. | 7,780 | 150,465 | ||||||
MidWestOne Financial Group, Inc. | 3,723 | 70,290 | ||||||
MVB Financial Corp. | 2,840 | 50,438 | ||||||
National Bank Holdings Corp., Class A | 6,132 | 183,531 | ||||||
National Bankshares, Inc. | 300 | 8,151 | ||||||
NBT Bancorp, Inc. | 20,589 | 690,761 | ||||||
New York Community Bancorp, Inc. | 222,585 | 2,288,174 | ||||||
Northeast Bank | 1,928 | 69,100 | ||||||
Northfield Bancorp, Inc. | 13,146 | 134,484 | ||||||
Northrim BanCorp, Inc. | 1,797 | 68,124 | ||||||
Oak Valley Bancorp | 775 | 17,895 | ||||||
OceanFirst Financial Corp. | 14,614 | 207,519 | ||||||
OFG Bancorp | 29,609 | 718,314 |
Old National Bancorp | 1 | 12 | ||||||
Old Second Bancorp, Inc. | 13,543 | 160,349 | ||||||
OP Bancorp | 1,343 | 10,529 | ||||||
Origin Bancorp, Inc. | 8,492 | 241,597 | ||||||
Orrstown Financial Services, Inc. | 2,704 | 48,942 | ||||||
Pacific Premier Bancorp, Inc. | 40,773 | 767,756 | ||||||
Park National Corp. | 4,634 | 457,607 | ||||||
Parke Bancorp, Inc. | 2,104 | 33,790 | ||||||
Pathward Financial, Inc. | 13,214 | 580,623 | ||||||
PCB Bancorp | 1,436 | 20,233 | ||||||
Peapack-Gladstone Financial Corp. | 6,114 | 161,348 | ||||||
Peoples Bancorp of North Carolina, Inc. | 588 | 10,125 | ||||||
Peoples Bancorp, Inc. | 7,679 | 197,120 | ||||||
Plumas Bancorp | 642 | 21,141 | ||||||
Popular, Inc. | 26,532 | 1,517,100 | ||||||
Preferred Bank | 6,211 | 286,451 | ||||||
Premier Financial Corp. | 12,362 | 172,326 | ||||||
Primis Financial Corp. | 5,304 | 39,090 | ||||||
Provident Financial Services, Inc. | 33,500 | 531,980 | ||||||
QCR Holdings, Inc. | 9,206 | 353,695 | ||||||
RBB Bancorp | 3,757 | 39,223 | ||||||
Red River Bancshares, Inc. | 185 | 9,087 | ||||||
Republic Bancorp, Inc., Class A | 3,166 | 133,415 | ||||||
Riverview Bancorp, Inc. | 2,994 | 14,012 | ||||||
Salisbury Bancorp, Inc. | 62 | 1,507 | ||||||
Sandy Spring Bancorp, Inc. | 19,669 | 411,869 | ||||||
SB Financial Group, Inc. | 134 | 1,678 | ||||||
ServisFirst Bancshares, Inc. | 7,912 | 318,854 | ||||||
Shore Bancshares, Inc. | 1,205 | 13,568 | ||||||
Sierra Bancorp | 3,475 | 55,565 | ||||||
Simmons First National Corp., Class A | 22,037 | 358,542 | ||||||
SmartFinancial, Inc. | 2,267 | 47,834 | ||||||
South Plains Financial, Inc. | 2,649 | 58,702 | ||||||
Southern First Bancshares, Inc.(1) | 1,448 | 33,261 | ||||||
Southern Missouri Bancorp, Inc. | 2,022 | 75,117 | ||||||
Southside Bancshares, Inc. | 8,927 | 236,565 | ||||||
SouthState Corp. | 840 | 52,517 | ||||||
Stock Yards Bancorp, Inc. | 18 | 754 | ||||||
Summit Financial Group, Inc. | 1,425 | 27,161 | ||||||
Synovus Financial Corp. | 37,769 | 1,023,162 | ||||||
Territorial Bancorp, Inc. | 886 | 9,516 | ||||||
Texas Capital Bancshares, Inc.(1) | 17,174 | 812,330 | ||||||
Timberland Bancorp, Inc. | 1,932 | 45,518 | ||||||
Tompkins Financial Corp. | 3,663 | 191,575 | ||||||
Towne Bank | 26,674 | 619,904 | ||||||
TriCo Bancshares | 13,380 | 435,653 | ||||||
Triumph Financial, Inc.(1) | 9,789 | 508,245 | ||||||
TrustCo Bank Corp. NY | 7,964 | 220,045 | ||||||
Trustmark Corp. | 18,782 | 392,168 | ||||||
UMB Financial Corp. | 14,429 | 817,259 | ||||||
Union Bankshares, Inc. | 156 | 3,402 | ||||||
United Community Banks, Inc. | 276 | 6,240 | ||||||
United Security Bancshares | 700 | 4,375 | ||||||
Unity Bancorp, Inc. | 1,160 | 26,390 | ||||||
Univest Financial Corp. | 10,161 | 180,155 |
Valley National Bancorp | 109,332 | 806,870 | ||||||
Veritex Holdings, Inc. | 6,925 | 119,595 | ||||||
Washington Federal, Inc. | 31,340 | 815,153 | ||||||
Washington Trust Bancorp, Inc. | 6,452 | 164,268 | ||||||
West BanCorp, Inc. | 3,824 | 64,243 | ||||||
Westamerica BanCorp | 4,717 | 178,444 | ||||||
Western Alliance Bancorp | 13,698 | 464,362 | ||||||
Wintrust Financial Corp. | 15,407 | 979,423 | ||||||
WSFS Financial Corp. | 14,113 | 471,939 | ||||||
Zions Bancorp NA | 28,824 | 786,607 | ||||||
47,917,411 | ||||||||
Beverages — 0.4% | ||||||||
Coca-Cola Consolidated, Inc. | 2,476 | 1,638,468 | ||||||
Biotechnology — 1.2% | ||||||||
Arcus Biosciences, Inc.(1) | 6,000 | 123,240 | ||||||
Catalyst Pharmaceuticals, Inc.(1) | 71,471 | 825,490 | ||||||
Cullinan Oncology, Inc.(1) | 12,686 | 130,412 | ||||||
Dynavax Technologies Corp.(1) | 28,853 | 329,790 | ||||||
Emergent BioSolutions, Inc.(1) | 26,140 | 222,974 | ||||||
Ironwood Pharmaceuticals, Inc.(1) | 26,435 | 287,613 | ||||||
Organogenesis Holdings, Inc.(1) | 4,707 | 17,087 | ||||||
Ovid therapeutics, Inc.(1)(2) | 4 | 14 | ||||||
Point Biopharma Global, Inc.(1) | 8,465 | 78,471 | ||||||
REGENXBIO, Inc.(1) | 16,679 | 287,379 | ||||||
Tango Therapeutics, Inc.(1) | 759 | 2,049 | ||||||
Vir Biotechnology, Inc.(1) | 81,105 | 2,163,070 | ||||||
XOMA Corp.(1)(2) | 919 | 15,623 | ||||||
4,483,212 | ||||||||
Broadline Retail — 1.2% | ||||||||
Dillard's, Inc., Class A(2) | 2,962 | 815,468 | ||||||
Kohl's Corp. | 51,314 | 940,072 | ||||||
Macy's, Inc. | 190,267 | 2,585,729 | ||||||
4,341,269 | ||||||||
Building Products — 0.8% | ||||||||
Apogee Enterprises, Inc. | 8,806 | 325,029 | ||||||
Insteel Industries, Inc. | 9,206 | 275,536 | ||||||
Masonite International Corp.(1) | 15,018 | 1,322,635 | ||||||
Quanex Building Products Corp. | 17,835 | 374,713 | ||||||
UFP Industries, Inc. | 10,675 | 833,718 | ||||||
3,131,631 | ||||||||
Capital Markets — 1.9% | ||||||||
Artisan Partners Asset Management, Inc., Class A | 10,404 | 332,928 | ||||||
B. Riley Financial, Inc. | 2,210 | 79,958 | ||||||
Diamond Hill Investment Group, Inc. | 855 | 135,748 | ||||||
Evercore, Inc., Class A | 15,209 | 1,641,811 | ||||||
GAMCO Investors, Inc., Class A | 544 | 10,336 | ||||||
Hennessy Advisors, Inc. | 490 | 3,572 | ||||||
Janus Henderson Group PLC | 43,067 | 1,131,801 | ||||||
Moelis & Co., Class A | 2,174 | 82,329 | ||||||
Open Lending Corp., Class A(1) | 16,064 | 162,889 | ||||||
Oppenheimer Holdings, Inc., Class A | 2,286 | 89,634 | ||||||
Piper Sandler Cos. | 7,975 | 1,015,776 | ||||||
Stifel Financial Corp. | 16,908 | 939,578 | ||||||
StoneX Group, Inc.(1) | 9,623 | 772,631 |
Virtus Investment Partners, Inc. | 3,391 | 646,935 | ||||||
7,045,926 | ||||||||
Chemicals — 2.6% | ||||||||
AdvanSix, Inc. | 20,486 | 673,989 | ||||||
American Vanguard Corp. | 24,323 | 414,950 | ||||||
Cabot Corp. | 35,373 | 2,422,343 | ||||||
Chemours Co. | 77,791 | 2,060,684 | ||||||
Hawkins, Inc. | 4,636 | 217,614 | ||||||
Intrepid Potash, Inc.(1) | 6,770 | 119,017 | ||||||
Kronos Worldwide, Inc. | 15,640 | 129,030 | ||||||
Livent Corp.(1) | 68,368 | 1,575,882 | ||||||
LSB Industries, Inc.(1) | 21,847 | 203,177 | ||||||
Orion Engineered Carbons SA | 40,382 | 936,459 | ||||||
Rayonier Advanced Materials, Inc.(1) | 27,861 | 94,727 | ||||||
Stepan Co. | 385 | 35,401 | ||||||
Tronox Holdings PLC, Class A | 82,045 | 872,959 | ||||||
Valhi, Inc. | 1,270 | 15,786 | ||||||
9,772,018 | ||||||||
Commercial Services and Supplies — 0.2% | ||||||||
Civeo Corp.(1) | 5,607 | 112,084 | ||||||
Ennis, Inc. | 4,672 | 90,497 | ||||||
Heritage-Crystal Clean, Inc.(1) | 10,440 | 346,190 | ||||||
Interface, Inc. | 23,294 | 161,427 | ||||||
Quad/Graphics, Inc.(1) | 8,561 | 27,995 | ||||||
738,193 | ||||||||
Communications Equipment — 0.5% | ||||||||
ViaSat, Inc.(1) | 43,455 | 1,938,528 | ||||||
Construction and Engineering — 0.6% | ||||||||
Ameresco, Inc., Class A(1) | 9,202 | 396,422 | ||||||
Dycom Industries, Inc.(1) | 2,742 | 278,121 | ||||||
Great Lakes Dredge & Dock Corp.(1) | 2 | 13 | ||||||
MYR Group, Inc.(1) | 10,584 | 1,349,460 | ||||||
Northwest Pipe Co.(1) | 1,947 | 51,712 | ||||||
Tutor Perini Corp.(1) | 18,365 | 99,171 | ||||||
2,174,899 | ||||||||
Construction Materials — 0.2% | ||||||||
Eagle Materials, Inc. | 3,974 | 647,484 | ||||||
US Lime & Minerals, Inc. | 69 | 12,518 | ||||||
660,002 | ||||||||
Consumer Finance — 2.3% | ||||||||
Atlanticus Holdings Corp.(1) | 2,510 | 87,750 | ||||||
Bread Financial Holdings, Inc. | 27,674 | 779,853 | ||||||
Consumer Portfolio Services, Inc.(1) | 6,386 | 74,141 | ||||||
Encore Capital Group, Inc.(1) | 10,145 | 436,945 | ||||||
EZCORP, Inc., Class A(1) | 8,933 | 74,501 | ||||||
Green Dot Corp., Class A(1) | 19,310 | 352,021 | ||||||
LendingClub Corp.(1) | 30,933 | 253,651 | ||||||
Navient Corp. | 64,213 | 972,827 | ||||||
Nelnet, Inc., Class A | 4,308 | 398,490 | ||||||
OneMain Holdings, Inc. | 53,143 | 2,011,994 | ||||||
Oportun Financial Corp.(1) | 5,021 | 28,770 | ||||||
PRA Group, Inc.(1) | 15,651 | 292,674 | ||||||
PROG Holdings, Inc.(1) | 23,977 | 782,370 | ||||||
Regional Management Corp. | 2,426 | 63,440 | ||||||
SLM Corp. | 126,000 | 1,922,760 |
World Acceptance Corp.(1)(2) | 770 | 85,616 | ||||||
8,617,803 | ||||||||
Consumer Staples Distribution & Retail — 1.9% | ||||||||
Andersons, Inc. | 23,885 | 931,754 | ||||||
HF Foods Group, Inc.(1) | 1,687 | 6,073 | ||||||
Ingles Markets, Inc., Class A | 12,928 | 1,037,731 | ||||||
Natural Grocers by Vitamin Cottage, Inc. | 4,681 | 51,725 | ||||||
PriceSmart, Inc. | 11,313 | 819,966 | ||||||
SpartanNash Co. | 28,593 | 654,780 | ||||||
Sprouts Farmers Market, Inc.(1) | 53,383 | 1,844,916 | ||||||
United Natural Foods, Inc.(1) | 33,454 | 893,556 | ||||||
Village Super Market, Inc., Class A | 2,044 | 42,423 | ||||||
Weis Markets, Inc. | 13,414 | 798,670 | ||||||
7,081,594 | ||||||||
Diversified Consumer Services — 1.1% | ||||||||
Adtalem Global Education, Inc.(1) | 35,311 | 1,465,407 | ||||||
Grand Canyon Education, Inc.(1) | 17,498 | 1,833,090 | ||||||
Laureate Education, Inc., Class A | 132 | 1,597 | ||||||
Perdoceo Education Corp.(1) | 49,829 | 587,484 | ||||||
Universal Technical Institute, Inc.(1) | 25,324 | 162,833 | ||||||
4,050,411 | ||||||||
Diversified Telecommunication Services — 0.8% | ||||||||
ATN International, Inc. | 7,362 | 276,296 | ||||||
EchoStar Corp., Class A(1) | 23,130 | 364,760 | ||||||
Iridium Communications, Inc. | 41,945 | 2,518,378 | ||||||
3,159,434 | ||||||||
Electrical Equipment — 1.6% | ||||||||
Atkore, Inc.(1) | 27,592 | 3,221,918 | ||||||
Encore Wire Corp. | 15,242 | 2,494,658 | ||||||
Powell Industries, Inc. | 2,714 | 156,055 | ||||||
Preformed Line Products Co. | 32 | 4,919 | ||||||
5,877,550 | ||||||||
Electronic Equipment, Instruments and Components — 2.0% | ||||||||
Bel Fuse, Inc., Class B | 4,180 | 205,614 | ||||||
CTS Corp. | 9,571 | 437,108 | ||||||
Insight Enterprises, Inc.(1) | 4,847 | 655,411 | ||||||
Kimball Electronics, Inc.(1) | 4,447 | 110,286 | ||||||
Plexus Corp.(1) | 2 | 181 | ||||||
Sanmina Corp.(1) | 48,765 | 2,586,496 | ||||||
ScanSource, Inc.(1) | 544 | 15,645 | ||||||
Tingo Group, Inc.(1)(2) | 15,328 | 43,532 | ||||||
TTM Technologies, Inc.(1) | 51,470 | 705,139 | ||||||
Vishay Intertechnology, Inc. | 100,316 | 2,586,147 | ||||||
Vishay Precision Group, Inc.(1) | 1,544 | 53,916 | ||||||
7,399,475 | ||||||||
Energy Equipment and Services — 3.3% | ||||||||
Archrock, Inc. | 92,136 | 829,224 | ||||||
Bristow Group, Inc.(1) | 12,875 | 314,794 | ||||||
Dril-Quip, Inc.(1) | 17,312 | 386,923 | ||||||
Helmerich & Payne, Inc. | 17,578 | 542,809 | ||||||
Liberty Energy, Inc., Class A | 61,410 | 720,954 | ||||||
Nabors Industries Ltd.(1) | 5,067 | 424,108 | ||||||
Natural Gas Services Group, Inc.(1) | 3,161 | 31,926 | ||||||
Newpark Resources, Inc.(1) | 37,589 | 130,058 | ||||||
NexTier Oilfield Solutions, Inc.(1) | 89,256 | 672,990 |
Oceaneering International, Inc.(1) | 65,643 | 1,004,994 | ||||||
Oil States International, Inc.(1) | 6,690 | 42,548 | ||||||
Patterson-UTI Energy, Inc. | 71,810 | 699,429 | ||||||
ProPetro Holding Corp.(1) | 58,748 | 391,849 | ||||||
RPC, Inc. | 23,761 | 158,011 | ||||||
Select Water Solutions, Inc., Class A | 2,624 | 19,050 | ||||||
TechnipFMC PLC(1) | 141,486 | 1,859,126 | ||||||
TETRA Technologies, Inc.(1) | 16,961 | 44,099 | ||||||
Transocean Ltd.(1) | 355,414 | 2,032,968 | ||||||
US Silica Holdings, Inc.(1) | 51,337 | 581,648 | ||||||
Weatherford International PLC(1) | 28,070 | 1,584,271 | ||||||
12,471,779 | ||||||||
Entertainment — 0.2% | ||||||||
Madison Square Garden Entertainment Corp.(1) | 9,626 | 337,776 | ||||||
Marcus Corp.(2) | 10,749 | 164,245 | ||||||
Sphere Entertainment Co.(1) | 9,626 | 229,773 | ||||||
731,794 | ||||||||
Financial Services — 3.8% | ||||||||
Alerus Financial Corp. | 2,974 | 49,577 | ||||||
A-Mark Precious Metals, Inc. | 3,753 | 127,114 | ||||||
Cass Information Systems, Inc. | 2,275 | 87,861 | ||||||
Enact Holdings, Inc. | 9,161 | 222,979 | ||||||
Essent Group Ltd. | 51,548 | 2,276,875 | ||||||
Federal Agricultural Mortgage Corp., Class C | 4,325 | 578,728 | ||||||
International Money Express, Inc.(1) | 2,379 | 55,431 | ||||||
Jackson Financial, Inc., Class A | 51,405 | 1,423,919 | ||||||
Merchants Bancorp | 8,404 | 192,115 | ||||||
MGIC Investment Corp. | 164,333 | 2,484,715 | ||||||
Mr. Cooper Group, Inc.(1) | 39,386 | 1,821,996 | ||||||
NMI Holdings, Inc., Class A(1) | 46,085 | 1,159,038 | ||||||
PennyMac Financial Services, Inc. | 13,369 | 816,044 | ||||||
Radian Group, Inc. | 83,928 | 2,143,521 | ||||||
Walker & Dunlop, Inc. | 8,744 | 639,973 | ||||||
Waterstone Financial, Inc. | 5,837 | 78,916 | ||||||
14,158,802 | ||||||||
Food Products — 0.7% | ||||||||
Cal-Maine Foods, Inc. | 30,405 | 1,445,758 | ||||||
Fresh Del Monte Produce, Inc. | 16,780 | 442,321 | ||||||
John B Sanfilippo & Son, Inc. | 2,281 | 265,120 | ||||||
Pilgrim's Pride Corp.(1) | 5 | 111 | ||||||
Seaboard Corp. | 43 | 163,375 | ||||||
Seneca Foods Corp., Class A(1) | 2,432 | 112,456 | ||||||
2,429,141 | ||||||||
Ground Transportation — 2.9% | ||||||||
ArcBest Corp. | 15,963 | 1,337,380 | ||||||
Covenant Logistics Group, Inc. | 4,475 | 170,811 | ||||||
Heartland Express, Inc. | 33,067 | 515,845 | ||||||
Marten Transport Ltd. | 42,552 | 899,975 | ||||||
PAM Transportation Services, Inc.(1) | 3,478 | 90,984 | ||||||
Ryder System, Inc. | 43,092 | 3,396,942 | ||||||
Saia, Inc.(1) | 5,869 | 1,667,735 | ||||||
Schneider National, Inc., Class B | 30,754 | 797,144 | ||||||
Universal Logistics Holdings, Inc. | 1,657 | 43,993 | ||||||
US Xpress Enterprises, Inc., Class A(1) | 5,048 | 30,692 |
Werner Enterprises, Inc. | 39,504 | 1,735,016 | ||||||
10,686,517 | ||||||||
Health Care Equipment and Supplies — 0.5% | ||||||||
Co-Diagnostics, Inc.(1) | 12,327 | 13,437 | ||||||
FONAR Corp.(1) | 475 | 8,132 | ||||||
QuidelOrtho Corp.(1) | 18,901 | 1,609,231 | ||||||
Utah Medical Products, Inc. | 574 | 53,663 | ||||||
1,684,463 | ||||||||
Health Care Providers and Services — 0.2% | ||||||||
Ensign Group, Inc. | 2,000 | 177,220 | ||||||
Fulgent Genetics, Inc.(1) | 14,748 | 586,528 | ||||||
763,748 | ||||||||
Hotels, Restaurants and Leisure — 1.4% | ||||||||
BJ's Restaurants, Inc.(1) | 11,392 | 339,254 | ||||||
Cheesecake Factory, Inc.(2) | 31,204 | 977,621 | ||||||
Chuy's Holdings, Inc.(1) | 12,506 | 460,721 | ||||||
Cracker Barrel Old Country Store, Inc.(2) | 11,748 | 1,151,539 | ||||||
Full House Resorts, Inc.(1) | 1,518 | 10,778 | ||||||
Golden Entertainment, Inc.(1) | 4,240 | 178,674 | ||||||
Monarch Casino & Resort, Inc. | 8,431 | 547,088 | ||||||
ONE Group Hospitality, Inc.(1) | 10,666 | 75,302 | ||||||
Playa Hotels & Resorts NV(1) | 107,310 | 953,986 | ||||||
RCI Hospitality Holdings, Inc. | 4,212 | 304,233 | ||||||
Red Robin Gourmet Burgers, Inc.(1) | 4,768 | 60,410 | ||||||
Target Hospitality Corp.(1)(2) | 7,103 | 100,365 | ||||||
5,159,971 | ||||||||
Household Durables — 6.0% | ||||||||
Bassett Furniture Industries, Inc. | 2,036 | 27,506 | ||||||
Beazer Homes USA, Inc.(1) | 4,909 | 99,505 | ||||||
Cavco Industries, Inc.(1) | 5,917 | 1,473,215 | ||||||
Century Communities, Inc. | 20,502 | 1,304,542 | ||||||
Ethan Allen Interiors, Inc. | 17,413 | 435,847 | ||||||
GoPro, Inc., Class A(1) | 22,591 | 94,882 | ||||||
Green Brick Partners, Inc.(1) | 16,758 | 802,206 | ||||||
Hooker Furnishings Corp. | 1,512 | 22,453 | ||||||
Hovnanian Enterprises, Inc., Class A(1) | 3,177 | 266,741 | ||||||
KB Home | 50,793 | 2,200,861 | ||||||
La-Z-Boy, Inc. | 30,361 | 811,246 | ||||||
Legacy Housing Corp.(1) | 241 | 4,589 | ||||||
Lifetime Brands, Inc. | 267 | 1,308 | ||||||
M/I Homes, Inc.(1) | 25,108 | 1,774,382 | ||||||
MDC Holdings, Inc. | 53,034 | 2,136,210 | ||||||
Meritage Homes Corp. | 24,521 | 2,828,007 | ||||||
Skyline Champion Corp.(1) | 36,541 | 2,124,128 | ||||||
Taylor Morrison Home Corp.(1) | 83,774 | 3,554,531 | ||||||
Tri Pointe Homes, Inc.(1) | 74,422 | 2,173,867 | ||||||
Universal Electronics, Inc.(1) | 3,515 | 28,366 | ||||||
22,164,392 | ||||||||
Household Products† | ||||||||
Oil-Dri Corp. of America | 247 | 9,379 | ||||||
Independent Power and Renewable Electricity Producers — 0.2% | ||||||||
Ormat Technologies, Inc. | 7,348 | 625,315 | ||||||
Insurance — 4.4% | ||||||||
Ambac Financial Group, Inc.(1) | 22,191 | 309,121 | ||||||
American Equity Investment Life Holding Co. | 42,298 | 1,668,656 |
Argo Group International Holdings Ltd. | 16,906 | 495,515 | ||||||
Assured Guaranty Ltd. | 24,042 | 1,244,174 | ||||||
Axis Capital Holdings Ltd. | 35,155 | 1,824,544 | ||||||
Brighthouse Financial, Inc.(1) | 31,987 | 1,287,797 | ||||||
CNO Financial Group, Inc. | 47,671 | 1,034,937 | ||||||
Donegal Group, Inc., Class A | 3,433 | 49,367 | ||||||
Employers Holdings, Inc. | 10,283 | 371,833 | ||||||
Enstar Group Ltd.(1) | 2,953 | 695,077 | ||||||
Genworth Financial, Inc., Class A(1) | 225,216 | 1,204,906 | ||||||
Hanover Insurance Group, Inc. | 16 | 1,783 | ||||||
Horace Mann Educators Corp. | 11,838 | 355,732 | ||||||
Investors Title Co. | 100 | 13,255 | ||||||
National Western Life Group, Inc., Class A | 238 | 88,784 | ||||||
NI Holdings, Inc.(1) | 1,243 | 17,029 | ||||||
Oscar Health, Inc., Class A(1) | 70,353 | 516,391 | ||||||
Primerica, Inc. | 3,477 | 632,884 | ||||||
ProAssurance Corp. | 11,387 | 138,352 | ||||||
Safety Insurance Group, Inc. | 7,626 | 555,325 | ||||||
Selective Insurance Group, Inc. | 16,785 | 1,623,613 | ||||||
SiriusPoint Ltd.(1) | 36,246 | 337,450 | ||||||
Stewart Information Services Corp. | 5,560 | 249,310 | ||||||
United Fire Group, Inc. | 5,307 | 113,994 | ||||||
Unum Group | 35,628 | 1,548,037 | ||||||
16,377,866 | ||||||||
Interactive Media and Services — 0.4% | ||||||||
Cargurus, Inc.(1) | 42,333 | 795,437 | ||||||
Cars.com, Inc.(1) | 40,989 | 723,456 | ||||||
1,518,893 | ||||||||
IT Services† | ||||||||
Computer Task Group, Inc.(1) | 1,148 | 8,001 | ||||||
Kyndryl Holdings, Inc.(1) | 5,880 | 73,853 | ||||||
81,854 | ||||||||
Leisure Products — 0.8% | ||||||||
Acushnet Holdings Corp. | 8 | 358 | ||||||
Funko, Inc., Class A(1) | 17 | 207 | ||||||
Malibu Boats, Inc., Class A(1) | 12,932 | 678,284 | ||||||
MasterCraft Boat Holdings, Inc.(1) | 8,678 | 229,967 | ||||||
Smith & Wesson Brands, Inc. | 33,445 | 392,310 | ||||||
Sturm Ruger & Co., Inc. | 12,455 | 642,180 | ||||||
Vista Outdoor, Inc.(1) | 40,197 | 1,070,446 | ||||||
3,013,752 | ||||||||
Life Sciences Tools and Services — 0.2% | ||||||||
AbCellera Biologics, Inc.(1)(2) | 81,957 | 571,240 | ||||||
OmniAb, Inc.(1) | 2,677 | 7,041 | ||||||
OmniAb, Inc.(1) | 2,677 | 6,719 | ||||||
585,000 | ||||||||
Machinery — 1.5% | ||||||||
Albany International Corp., Class A | 14,081 | 1,195,758 | ||||||
Commercial Vehicle Group, Inc.(1) | 3,391 | 33,266 | ||||||
Greenbrier Cos., Inc. | 502 | 13,639 | ||||||
Kennametal, Inc. | 52,388 | 1,305,509 | ||||||
L.B. Foster Co., Class A(1) | 1,099 | 14,562 | ||||||
Mueller Industries, Inc. | 39,583 | 2,939,434 | ||||||
REV Group, Inc. | 7,403 | 75,066 | ||||||
Terex Corp. | 220 | 10,201 |
Titan International, Inc.(1) | 18,203 | 180,028 | ||||||
5,767,463 | ||||||||
Marine Transportation — 0.9% | ||||||||
Costamare, Inc. | 7,096 | 54,781 | ||||||
Eagle Bulk Shipping, Inc.(2) | 8,195 | 321,899 | ||||||
Genco Shipping & Trading Ltd. | 31,978 | 396,847 | ||||||
Kirby Corp.(1) | 4,443 | 317,941 | ||||||
Matson, Inc. | 28,602 | 1,954,375 | ||||||
Pangaea Logistics Solutions Ltd. | 20,109 | 115,426 | ||||||
Safe Bulkers, Inc.(2) | 44,161 | 139,990 | ||||||
3,301,259 | ||||||||
Media — 0.5% | ||||||||
AMC Networks, Inc., Class A(1) | 19,440 | 219,866 | ||||||
Cumulus Media, Inc., Class A(1) | 11,998 | 38,634 | ||||||
Entravision Communications Corp., Class A | 30,218 | 124,800 | ||||||
PubMatic, Inc., Class A(1) | 16,212 | 284,521 | ||||||
Scholastic Corp. | 24,323 | 1,033,241 | ||||||
1,701,062 | ||||||||
Metals and Mining — 3.4% | ||||||||
Alpha Metallurgical Resources, Inc. | 14,113 | 1,904,832 | ||||||
Arconic Corp.(1) | 60,550 | 1,750,500 | ||||||
Ascent Industries Co.(1) | 314 | 2,983 | ||||||
Carpenter Technology Corp. | 5,940 | 270,923 | ||||||
Coeur Mining, Inc.(1) | 1,398 | 4,194 | ||||||
Commercial Metals Co. | 80,029 | 3,421,240 | ||||||
Haynes International, Inc. | 266 | 11,550 | ||||||
Hecla Mining Co. | 227,381 | 1,211,941 | ||||||
Kaiser Aluminum Corp. | 573 | 34,609 | ||||||
Olympic Steel, Inc. | 7,699 | 321,972 | ||||||
Ramaco Resources, Inc. | 17,058 | 126,400 | ||||||
Ryerson Holding Corp. | 18,104 | 615,355 | ||||||
Schnitzer Steel Industries, Inc., Class A | 17,163 | 472,154 | ||||||
SunCoke Energy, Inc. | 69,425 | 471,396 | ||||||
TimkenSteel Corp.(1) | 35,428 | 603,339 | ||||||
Tredegar Corp. | 6,734 | 47,340 | ||||||
Warrior Met Coal, Inc. | 45,948 | 1,506,175 | ||||||
12,776,903 | ||||||||
Oil, Gas and Consumable Fuels — 13.2% | ||||||||
Antero Midstream Corp. | 138,405 | 1,413,115 | ||||||
Arch Resources, Inc. | 10,926 | 1,129,202 | ||||||
Ardmore Shipping Corp. | 12,477 | 146,106 | ||||||
Berry Corp. | 38,660 | 243,558 | ||||||
California Resources Corp. | 32,545 | 1,221,739 | ||||||
Callon Petroleum Co.(1) | 29,950 | 917,369 | ||||||
Chord Energy Corp. | 12,266 | 1,754,529 | ||||||
Civitas Resources, Inc. | 23,874 | 1,594,783 | ||||||
CNX Resources Corp.(1) | 78,309 | 1,209,874 | ||||||
Comstock Resources, Inc.(2) | 56,462 | 526,226 | ||||||
CONSOL Energy, Inc. | 20,813 | 1,123,069 | ||||||
Crescent Energy Co., Class A(2) | 13,473 | 126,781 | ||||||
CVR Energy, Inc.(2) | 20,034 | 468,996 | ||||||
Delek US Holdings, Inc. | 9,882 | 217,602 | ||||||
Denbury, Inc.(1) | 23,723 | 2,139,103 | ||||||
DHT Holdings, Inc. | 74,073 | 569,621 | ||||||
Dorian LPG Ltd. | 21,635 | 499,336 |
DT Midstream, Inc. | 3,941 | 179,158 | ||||||
Earthstone Energy, Inc., Class A(1) | 39,814 | 478,166 | ||||||
EnLink Midstream LLC(1) | 120,991 | 1,180,872 | ||||||
Epsilon Energy Ltd. | 4,859 | 23,858 | ||||||
Equitrans Midstream Corp. | 212,089 | 1,809,119 | ||||||
Evolution Petroleum Corp. | 16,025 | 125,636 | ||||||
Gulfport Energy Corp.(1) | 6,770 | 656,825 | ||||||
Hallador Energy Co.(1) | 16,621 | 129,478 | ||||||
International Seaways, Inc. | 20,811 | 750,237 | ||||||
Kimbell Royalty Partners LP | 37,600 | 553,848 | ||||||
Kosmos Energy Ltd.(1) | 291,453 | 1,737,060 | ||||||
Magnolia Oil & Gas Corp., Class A | 76,325 | 1,475,362 | ||||||
Matador Resources Co. | 47,256 | 2,077,846 | ||||||
Murphy Oil Corp. | 67,305 | 2,342,214 | ||||||
NACCO Industries, Inc., Class A | 2,354 | 74,033 | ||||||
Northern Oil & Gas, Inc. | 24,269 | 725,886 | ||||||
Overseas Shipholding Group, Inc., Class A(1) | 24,038 | 87,498 | ||||||
Par Pacific Holdings, Inc.(1) | 30,009 | 639,792 | ||||||
PBF Energy, Inc., Class A | 66,346 | 2,442,196 | ||||||
PDC Energy, Inc. | 43,227 | 2,966,237 | ||||||
Peabody Energy Corp. | 65,044 | 1,181,199 | ||||||
Permian Resources Corp. | 124,117 | 1,158,012 | ||||||
Plains GP Holdings LP, Class A(1) | 98,281 | 1,336,622 | ||||||
Range Resources Corp. | 66,188 | 1,811,566 | ||||||
Ranger Oil Corp., Class A | 10,940 | 402,045 | ||||||
REX American Resources Corp.(1) | 8,244 | 271,557 | ||||||
Riley Exploration Permian, Inc. | 1,613 | 53,987 | ||||||
Ring Energy, Inc.(1)(2) | 66,787 | 113,538 | ||||||
SandRidge Energy, Inc. | 25,724 | 346,502 | ||||||
Scorpio Tankers, Inc. | 22,328 | 1,021,953 | ||||||
SFL Corp. Ltd. | 84,617 | 726,014 | ||||||
SilverBow Resources, Inc.(1)(2) | 8,443 | 201,619 | ||||||
Sitio Royalties Corp., Class A | 22,982 | 585,581 | ||||||
SM Energy Co. | 71,541 | 1,880,813 | ||||||
Talos Energy, Inc.(1) | 55,708 | 685,765 | ||||||
Teekay Corp.(1) | 40,921 | 229,567 | ||||||
Teekay Tankers Ltd., Class A | 11,916 | 430,525 | ||||||
VAALCO Energy, Inc. | 39,518 | 152,539 | ||||||
Vertex Energy, Inc.(1)(2) | 24,841 | 160,721 | ||||||
Vital Energy, Inc.(1) | 8,615 | 357,436 | ||||||
World Fuel Services Corp. | 5,559 | 127,134 | ||||||
48,991,025 | ||||||||
Paper and Forest Products — 1.2% | ||||||||
Clearwater Paper Corp.(1) | 12,171 | 369,877 | ||||||
Louisiana-Pacific Corp. | 51,611 | 3,020,276 | ||||||
Mercer International, Inc. | 36,581 | 316,791 | ||||||
Sylvamo Corp. | 21,499 | 847,490 | ||||||
4,554,434 | ||||||||
Passenger Airlines — 0.9% | ||||||||
Allegiant Travel Co.(1) | 10,846 | 1,057,376 | ||||||
JetBlue Airways Corp.(1) | 147,490 | 1,007,357 | ||||||
SkyWest, Inc.(1) | 29,145 | 871,727 | ||||||
Spirit Airlines, Inc. | 38,037 | 578,543 | ||||||
3,515,003 | ||||||||
Personal Care Products — 0.4% | ||||||||
Nature's Sunshine Products, Inc.(1) | 4,126 | 46,129 |
Nu Skin Enterprises, Inc., Class A | 29,331 | 977,602 | ||||||
USANA Health Sciences, Inc.(1) | 5,730 | 347,639 | ||||||
1,371,370 | ||||||||
Pharmaceuticals — 0.5% | ||||||||
Assertio Holdings, Inc.(1)(2) | 15,274 | 96,685 | ||||||
Innoviva, Inc.(1) | 45,675 | 616,156 | ||||||
Ligand Pharmaceuticals, Inc.(1) | 7,062 | 494,905 | ||||||
Prestige Consumer Healthcare, Inc.(1) | 7,262 | 415,604 | ||||||
ProPhase Labs, Inc.(1)(2) | 2,333 | 22,140 | ||||||
SIGA Technologies, Inc. | 31,011 | 173,972 | ||||||
Supernus Pharmaceuticals, Inc.(1) | 52 | 1,723 | ||||||
1,821,185 | ||||||||
Professional Services — 1.0% | ||||||||
CBIZ, Inc.(1) | 23,033 | 1,161,324 | ||||||
CRA International, Inc. | 1,512 | 140,117 | ||||||
Heidrick & Struggles International, Inc. | 11,832 | 286,926 | ||||||
Kelly Services, Inc., Class A | 7,404 | 129,422 | ||||||
Kforce, Inc. | 4,885 | 281,327 | ||||||
Korn Ferry | 30,155 | 1,417,285 | ||||||
TrueBlue, Inc.(1) | 19,874 | 328,716 | ||||||
3,745,117 | ||||||||
Real Estate Management and Development — 1.1% | ||||||||
Douglas Elliman, Inc. | 37,664 | 109,602 | ||||||
Five Point Holdings LLC, Class A(1) | 14,023 | 32,673 | ||||||
Forestar Group, Inc.(1) | 10,190 | 207,163 | ||||||
Howard Hughes Corp.(1) | 16,266 | 1,212,956 | ||||||
Kennedy-Wilson Holdings, Inc. | 78,106 | 1,205,175 | ||||||
Marcus & Millichap, Inc. | 17,554 | 515,210 | ||||||
Opendoor Technologies, Inc.(1)(2) | 152,448 | 402,463 | ||||||
RE/MAX Holdings, Inc., Class A | 12,693 | 237,232 | ||||||
3,922,474 | ||||||||
Semiconductors and Semiconductor Equipment — 2.8% | ||||||||
Alpha & Omega Semiconductor Ltd.(1) | 13,415 | 371,461 | ||||||
Amkor Technology, Inc. | 65,326 | 1,618,778 | ||||||
Axcelis Technologies, Inc.(1) | 15,239 | 2,400,905 | ||||||
Diodes, Inc.(1) | 28,047 | 2,519,743 | ||||||
Kulicke & Soffa Industries, Inc. | 35,781 | 1,892,099 | ||||||
Photronics, Inc.(1) | 46,191 | 980,635 | ||||||
SMART Global Holdings, Inc.(1) | 5,138 | 116,016 | ||||||
Ultra Clean Holdings, Inc.(1) | 19,079 | 654,028 | ||||||
10,553,665 | ||||||||
Software — 0.5% | ||||||||
Adeia, Inc. | 23,079 | 226,405 | ||||||
Cleanspark, Inc.(1) | 5,305 | 22,758 | ||||||
InterDigital, Inc. | 16,766 | 1,392,249 | ||||||
Xperi, Inc.(1) | 14,651 | 173,321 | ||||||
1,814,733 | ||||||||
Specialty Retail — 5.4% | ||||||||
Aaron's Co., Inc. | 23,207 | 284,054 | ||||||
Abercrombie & Fitch Co., Class A(1) | 21,257 | 659,605 | ||||||
Academy Sports & Outdoors, Inc. | 43,180 | 2,114,093 | ||||||
American Eagle Outfitters, Inc. | 130,294 | 1,325,090 | ||||||
AutoNation, Inc.(1) | 11,121 | 1,455,961 | ||||||
Big 5 Sporting Goods Corp. | 10,404 | 78,654 | ||||||
Buckle, Inc. | 18,874 | 579,621 |
Build-A-Bear Workshop, Inc. | 9,659 | 175,601 | ||||||
Caleres, Inc. | 23,658 | 408,337 | ||||||
Cato Corp., Class A | 10,167 | 81,946 | ||||||
Chico's FAS, Inc.(1) | 92,914 | 421,830 | ||||||
Children's Place, Inc.(1) | 1,503 | 22,590 | ||||||
Citi Trends, Inc.(1) | 4,400 | 64,328 | ||||||
Conn's, Inc.(1) | 10,875 | 44,152 | ||||||
Container Store Group, Inc.(1) | 13,676 | 33,643 | ||||||
Designer Brands, Inc., Class A | 41,874 | 262,550 | ||||||
Destination XL Group, Inc.(1) | 23,632 | 98,309 | ||||||
Duluth Holdings, Inc., Class B(1) | 5,416 | 29,246 | ||||||
Foot Locker, Inc.(2) | 68,442 | 1,732,951 | ||||||
Group 1 Automotive, Inc. | 7,118 | 1,590,944 | ||||||
Guess?, Inc. | 23,094 | 443,636 | ||||||
Haverty Furniture Cos., Inc. | 11,215 | 295,964 | ||||||
Hibbett, Inc. | 8,763 | 315,643 | ||||||
Murphy USA, Inc. | 5,749 | 1,589,139 | ||||||
ODP Corp.(1) | 21,201 | 849,312 | ||||||
Shoe Carnival, Inc. | 11,530 | 225,642 | ||||||
Signet Jewelers Ltd. | 29,383 | 1,865,527 | ||||||
Sonic Automotive, Inc., Class A | 16,883 | 699,631 | ||||||
Sportsman's Warehouse Holdings, Inc.(1) | 8,155 | 36,942 | ||||||
Tilly's, Inc., Class A(1) | 6,913 | 53,921 | ||||||
Upbound Group, Inc. | 27,958 | 836,224 | ||||||
Urban Outfitters, Inc.(1) | 45,731 | 1,409,429 | ||||||
Zumiez, Inc.(1) | 6,611 | 106,239 | ||||||
20,190,754 | ||||||||
Technology Hardware, Storage and Peripherals† | ||||||||
Immersion Corp. | 6,453 | 45,687 | ||||||
Super Micro Computer, Inc.(1) | 135 | 30,233 | ||||||
75,920 | ||||||||
Textiles, Apparel and Luxury Goods — 1.7% | ||||||||
Capri Holdings Ltd.(1) | 4,003 | 140,505 | ||||||
Crown Crafts, Inc. | 31 | 160 | ||||||
G-III Apparel Group Ltd.(1) | 2,140 | 34,411 | ||||||
Lakeland Industries, Inc. | 1,868 | 20,455 | ||||||
Movado Group, Inc. | 9,896 | 251,853 | ||||||
Oxford Industries, Inc. | 10,815 | 1,080,851 | ||||||
PVH Corp. | 40,078 | 3,447,510 | ||||||
Steven Madden Ltd. | 12,404 | 387,129 | ||||||
Under Armour, Inc., Class A(1) | 65,786 | 474,317 | ||||||
Under Armour, Inc., Class C(1) | 67,665 | 445,236 | ||||||
Unifi, Inc.(1) | 4,426 | 31,911 | ||||||
Vera Bradley, Inc.(1) | 5,863 | 27,849 | ||||||
6,342,187 | ||||||||
Trading Companies and Distributors — 4.2% | ||||||||
Air Lease Corp. | 69,129 | 2,628,285 | ||||||
Alta Equipment Group, Inc. | 328 | 4,464 | ||||||
BlueLinx Holdings, Inc.(1) | 8,216 | 675,520 | ||||||
Boise Cascade Co. | 30,369 | 2,181,102 | ||||||
GATX Corp. | 23,354 | 2,777,024 | ||||||
Global Industrial Co. | 41 | 1,020 | ||||||
H&E Equipment Services, Inc. | 19,829 | 713,051 | ||||||
Herc Holdings, Inc. | 16,553 | 1,678,805 | ||||||
McGrath RentCorp | 16,229 | 1,441,297 |
NOW, Inc.(1) | 55,054 | 489,430 | ||||||
Rush Enterprises, Inc., Class A | 9,809 | 512,716 | ||||||
Rush Enterprises, Inc., Class B | 3,156 | 183,648 | ||||||
Textainer Group Holdings Ltd. | 27,393 | 971,630 | ||||||
Titan Machinery, Inc.(1) | 14,334 | 361,933 | ||||||
Veritiv Corp. | 10,281 | 1,085,571 | ||||||
15,705,496 | ||||||||
Wireless Telecommunication Services — 0.3% | ||||||||
Shenandoah Telecommunications Co. | 16,012 | 303,908 | ||||||
Telephone & Data Systems, Inc. | 74,189 | 495,583 | ||||||
US Cellular Corp.(1) | 10,515 | 150,364 | ||||||
949,855 | ||||||||
TOTAL COMMON STOCKS (Cost $346,519,025) | 373,623,809 | |||||||
SHORT-TERM INVESTMENTS — 1.5% | ||||||||
Money Market Funds — 1.5% | ||||||||
State Street Institutional U.S. Government Money Market Fund, Premier Class | 1,562,324 | 1,562,324 | ||||||
State Street Navigator Securities Lending Government Money Market Portfolio(3) | 3,817,703 | 3,817,703 | ||||||
TOTAL SHORT-TERM INVESTMENTS (Cost $5,380,027) | 5,380,027 | |||||||
TOTAL INVESTMENT SECURITIES — 101.9% (Cost $351,899,052) | 379,003,836 | |||||||
OTHER ASSETS AND LIABILITIES — (1.9)% | (6,916,448) | |||||||
TOTAL NET ASSETS — 100.0% | $ | 372,087,388 |
FUTURES CONTRACTS PURCHASED | ||||||||||||||
Reference Entity | Contracts | Expiration Date | Notional Amount | Unrealized Appreciation (Depreciation)^ | ||||||||||
Russell 2000 E-Mini Index | 11 | June 2023 | $ | 963,490 | $ | (25,692) |
NOTES TO SCHEDULE OF INVESTMENTS |